Schlumberger Limited (NYSE: SLB) came up with its fourth-quarter 2020 results on Friday.
Revenue decreased to $5.53 billion from $8.23 billion last year. Analysts had expected revenue of $5.25 billion.
The company posted a net income of $374 million, up from $333 million reported a year earlier. Earnings per share increased to $0.27 from $0.24, compared to analysts’ estimate of $0.17 per share.
The stock dropped to $24.03 during Friday’s pre-market session, after closing the previous session down 5%.